Page 51 - Union Budget

Budget 2024: Govt will encourage vaccination for cervical cancer, says FM

As per 2022 estimates, every year, approximately 125,000 women are diagnosed with cervical cancer, and over 75 thousand die from the disease

Budget for President's office increase by 47.5% to Rs 144.18 crore

The interim Budget on Thursday allocated Rs 144.18 crore for the staff, household and allowances of the president, a massive increase of Rs 46.49 crore (about 47.5 per cent) from Rs 97.69 crore earmarked in the revised estimates for FY24. In the announcements for the 2024-25 interim Budget by Finance Minister Nirmala Sitharaman, Rs 90.87 crore was allocated for the president's secretariat and Rs 52.71 crore was sanctioned under the head 'other expenditures', which provides for the expenditure on the household establishment of the president, including staff salaries. Other expenditures also include discretionary grants of the president and provision for capital section. The document shows that of the total allocation, Rs 60 lakh has been allocated for the salary and allowances of the president, which remained unchanged from the last budget. The amount allocated under the head 'president's secretariat' provides for the establishment and allied expenses with respect to it which includ

Interim Budget 2024 focuses on $5 trillion economy target: Assocham

The interim budget focuses on the government's objective of making India a USD 5 trillion economy and a developed nation by 2047, Assocham President Ajay Singh said on Thursday. Finance Minister Nirmala Sitharaman presented her sixth Budget on Thursday in which she announced a Rs 11.11 lakh crore spending on infrastructure among other proposals. "It is an India-first budget. A confident budget of a confident government that focuses on the objective of ensuring that India becomes a 5 trillion-dollar economy by 2025 and a developed nation by 2047," Singh told PTI in a post-budget interaction. Speaking further, he said the government has focused on infrastructure, startups, and rail corridors in the Budget. The Finance Minister also announced a Rs 1 lakh crore fund for research and development and the startup sector which is a very significant move. There is no question that the Budget will have a significant impact on the common man, Singh, who is also the CMD of airline company ...

Sports ministry's Budget allocation up by Rs 45 crore at Rs 3,442 crore

The Sports Ministry was on Thursday allocated Rs 3,442.32 crore, a hike of Rs 45.36 crore as compared to last year, in the interim Union Budget presented by Finance Minister Nirmala Sitharaman. In the previous budget, the Sports Ministry had got a revised allocation of Rs 3,396.96 crore. The Olympic Games in Paris, to be held from July 26 to August 11, will be the country's main focus during the 2024-25 financial year. The ministry's flagship programme, Khelo India, was allotted Rs 900 crore, an increase of Rs 20 crore from the previous budget. The Sports Authority of India (SAI), which organises national camps, provides infrastructure and equipment to athletes, appoints coaches among others, saw Rs 26.83 crore increase in its budgetary allocation from the previous year's revised expenditure of Rs 795.77 crore. The National Sports Federations (NSFs) will receive Rs 15 crore more this time, as compared to the 2023-24 revised budget of Rs 325 crore. The National Anti-Doping Agency

Interim Budget 2024 unveils growth path with fiscal prudence: Economists

Finance Minister Nirmala Sitharaman announces fiscal measures aiming at sustainable growth and fiscal consolidation, drawing positive reactions from economists

Census, NPR unlikely in 2024 too as only Rs 1,277 cr allocated in budget

The interim budget 2024-24 on Thursday allocated Rs 1,277.80 crore for census, a significant reduction from 2021-22 when Rs 3,768 crore was allocated and an indication that the exercise may not be carried out even after three years of delay. A meeting of the Union cabinet on December 24, 2019 had approved the proposal for conducting census of India 2021 at a cost of Rs 8,754.23 crore and updating the National Population Register (NPR) at a cost of Rs 3,941.35 crore. The house listing phase of the census and the exercise to update the NPR were scheduled to be carried out across the country from April 1 to September 30, 2020 but postponed due to the COVID-19 outbreak. The census operation continues to be on hold and the government has not yet announced the new schedule. Officials said since general elections are due this year, the census is unlikely to be carried out in 2024. According to the interim budget, Rs 1277.80 crore has been allocated for census surveys and statistics (Rs .

Budget 2024: Industry leaders 'happy' with Modi govt's 'prudent' budget

Budget 2024 Updates: Finance Minister Nirmala Sitharaman presented her sixth budget, an interim one on February 1, ahead of the Lok Sabha elections scheduled for this year

On path to achieving fiscal deficit target of 4.5% by FY26: FM Sitharaman

Interim Budget: Revenue Secretary Sanjay Malhotra said that the removal of tax old tax disputes is likely to cost the Centre around Rs 3,500 crore

Budget 2024: What did FM Sitharaman say on education, Skill India Mission

The Centre proposes opening of new medical colleges and upgrade Anganwadi centres in the Interim Budget 2024

Budget 2024 targets cervical cancer, which kills 8 Indian women every hour

Budget 2024 updates: In the interim budget 2024, Sitharaman proposed to boost vaccination against cervical cancer, the fourth most common cancer in women globally

FM delivers a prudent, pragmatic and progressive budget, says Sundeep Sikka

From an equity market perspective, some of the positives appear to be considered in valuations and therefore return expectations from near term perspective should be moderate

India yet to see significant improvement in debt affordability: Moody's

Moody's in August had affirmed a 'Baa3' rating on India with a stable outlook. A higher rating implies lower economic risk, allowing a country to borrow at cheaper rates

Govt seeks to boost oilseed output to cut expensive vegetable oil imports

India, the world's biggest vegetable oil importer, spent a record $20.8 billion on its edible oil purchases in the fiscal year to March 2023

Realty sector reacts on Budget with cautious optimism, hails PMAY expansion

The real estate sector echoed a sentiment of cautious optimism while reacting to the interim Budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Thursday. A M Karthik, senior vice-president and co-group head at ICRA Ltd, emphasised the positive impact of the Budget on affordable housing demand. Karthik predicted a surge in demand for affordable housing units following the Centre's announcement of an additional two crore housing units under the PMAY (Grameen) and a proposed housing scheme for the middle class. Noting the potential benefits for housing finance companies, he anticipated a boost in credit flow to these segments. "While liquidity at this juncture looks tight, a lower GOI borrowing programme in the next fiscal could temper the funding cost increase of these lenders," he said. Samantak Das, chief economist and head of research and REIS, India, JLL, noted the absence of major announcements but highlighted the government's focus on fiscal prud

No adverse policy changes in the interim budget was a boon: Rahul Arora

The focus on fiscal consolidation led by moderation in government capex aims to reduce the risk of the government crowding out the private sector

Ficci, corporates hail Budget, say its continuum towards 'Viksit Bharat'

Federation of Indian Chambers of Commerce and Industry (FICCI) President Dr Anish Shah has termed the Intermin Budget 2024-25 as a clear and outcome-based continuum towards Viksit Bharat."The Interim Budget is a clear and outcome-based continuum towards Viksit Bharat. It brings together growth, climate, and social empowerment while maintaining a careful balance between current investment rate and fiscal discipline," said Anish Shah."Enabling States to adopt reforms for Viksit Bharat will seize the momentum created from the Centre towards Amrit Kaal. Focus on Blue Economy, expanding and strengthening the EV ecosystem, domestic tourism, and multi-modal logistics will propel India towards the vision of a developed nation by 2047," he said."The Interim Budget recognizes innovation as a key driver for growth through the introduction of a significant corpus of Rs 1 lakh crore for offering a fifty-year interest-free loan to scale up R & D in sunrise domains. The fiscal performance bodes .

Budget 2024: External affairs ministry gets allocation of Rs 22,154 crore

The Ministry of External Affairs (MEA) was on Thursday allocated a total of Rs 22,154 crore for the fiscal 2024-25 in the Union Budget as against last year's outlay of Rs 18,050 crore. In line with India's 'Neighbourhood First' policy, the largest share of aid portfolio has been granted to Bhutan with an allocation of Rs 2,068 crore. The development outlay for the Himalayan nation in 2023-24 was Rs 2,400 crore. The allocation for Chabahar Port has also been maintained at Rs 100 crore, underlining India's focus on connectivity projects with Iran. The development assistance to the Maldives has been kept at Rs 600 crore as against last year's Rs 770 crore, according to budget papers. In continuation with India's special relationship with the people of Afghanistan, a budgetary aid of Rs 200 crore has been set aside for that country. An amount of Rs 120 crore will be provided to Bangladesh under development aid while Nepal would be provided Rs 700 crore. According to the budget docum

Budget 2024: Here's how political leaders reacted to the Interim Budget

Union Finance Minister Nirmala Sitharaman presented the Interim Union Budget 2024 today, following which reactions from various political parties have come in

FM talks up green energy, proposes rooftop solar power for 10 mn homes

Interim Budget proposal will save up Rs 18,000 annually for households, says Nirmala Sitharaman

Budget 2024: What is 'Blue Economy 2.0' announced to boost aquaculture

Budget 2024: Nirmala Sitharaman presented her sixth consecutive budget, an interim one, in the Parliament on Thursday